Lodha Developers Share Price in Focus; Acquires Development Rights for Malabar Hill Property

Lodha Developers has acquired development rights for a land parcel in Mumbai’s Malabar Hill from the Sorabji Kanga Charity Trust for about ₹106.12 crore, as per a report citing property registration documents accessed via Propstack. 

The transaction was registered on 7 January 2026. Stamp duty of ₹37.42 crore was paid. The registered market value of the property is estimated at ₹621.71 crore. 

Land and Existing Structures 

The parcel spans 17,403.20 square metres and currently houses 6 bungalows and a chawl. The Palacimo Co-operative Housing Society situated within the land will not be part of the redevelopment. 

As per the agreement, Lodha will receive 5,017 square metres of RERA carpet area and 150 car parking spaces. The trust will retain a 42.5% share in the project after redevelopment. 

Regulatory Framework 

The land carries a permissible floor space index (FSI) of 4.0 under the Development Control and Promotion Regulations (DCPR) 2034 and covers about 4.3 acres. Based on current reports, the redevelopment could have a potential value estimated at nearly ₹2,800 crore. 

Lodha is also required to hand over 38,990.48 square metres of built-up area to the Maharashtra Housing and Area Development Authority (MHADA) as part of the redevelopment conditions. 

Market Data 

Malabar Hill recorded 41 residential transactions in 2025 with a total gross sales value of ₹1,038 crore, according to Square Yards Data Intelligence. 

Average property prices in the area stood at ₹137,500 per square foot in the fourth quarter of 2025, compared with ₹98,566 per square foot in the same period the previous year. 

Other Activity 

Separately, Lodha recently entered into a joint development agreement with Sahana Properties and Resorts and Sahana Builders and Developers for land parcels in Mumbai’s Parel-Sewree division covering 41,526.07 square metres for ₹364.80 crore. 

Read More: Lodha Developers Share Price in Focus; Signs ₹364.80 Crore Joint Development Agreement in Mumbai! 

Lodha Developers Share Price Performance  

As of February 26, 2026, 9:37 am, Lodha Developers share price was trading at ₹1,023.00, a 0.05% increase from the previous closing price. 

Conclusion  

With this agreement, Lodha Developers has secured another redevelopment site in Mumbai. The project will be taken forward in line with regulatory and planning requirements. 

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